Quick Win By the Algorithm: Apple Beating Expectations

Quick Win by the Algorithm

Apple Inc. (AAPL)

On May 25th, 2016,  an I Know First analyst had written a bullish article on Apple Inc. The I Know First algorithm had given a 52.12 signal strength, and 0.27 predictability indicator for the three month period. Four months later, AAPL had risen 25.46%, or $23.05. The I Know First algorithms continues to be bullish on Apple Inc, as described below.

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In the past few days there was a lot of debate about Apple and their iPhone 7. After the announcement of Apples new products many shareholders weren’t satisfied. Which had caused the AAPL to go down for a short time. Yet they still recovered and are growing stronger. You might ask yourself how.

Most people can agree that taking away the jack for the headphones wasn’t what they wanted. There is also high expectations that Apple will come out with a brand new phone for their 10th Anniversary which will be next year. Yet one of Apple’s main assembler Hon Hai Precision Industry Co for the iPhone 7 claims that they went up by 3.9%. which means that their sales are going much better than most people have predicted.

T-Mobile Us Inc. as well as Sprint Corp had received almost four times the amount of orders for the iPhone 7  then for any other models before. Apple is off to a faster start than usual. This could also be related with Samsung that ran into some difficulties due to their battery exploding and having to recall approximately 2.5 million phones and exchange them for newer and better phones.

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This bullish forecast on AAPL was sent to current I Know First subscribers on May 15th, 2016.